Budget Buster!!

I don't normally use my Blog to complain, but recent news from our Government has me heated!

As I'm sure you all know by now, July 1st of next year that we are joining the other half of the Provinces in our Country with the new HST (Harmonized Sales Tax).

Harmonizing our current PST and GST, is is suppose to boost investments, increase our economic growth, and create jobs, but I just don't see it. On a consumer level all I can see is less money in our pocket for the same purchases we make now that are normally PST exempt.

At 12% they say we are going to have the lowest HST across Canada, and some purchases will still qualify for a lower tax, such as Kids Items & Clothes and Gasoline but that doesn't really make it any better for other items that we will see an increase too such as;

Groceries

Movies

Restaurant Meals

Used Vehicles

Hair Salons

School Supplies

Bikes

Safety Equipment

Gym Memberships

New Homes (over $400,000)

Some of the items are not everyday purchases, but we are all going to see our expenses increase, and tighter budgets for everyone!

At the end of the day I don't think that this is going to stop us from making our normal purchases, but it frustrates me that we will just have to spend more to do it.

Ok I feel a bit better just ranting about that for a bit, I'm off to bed!